You may be surprised to discover that a large percentage of businesses suffer from distress during their lifetime. However when troubles strike such as difficulties meeting payment plans from the HMRC for VAT, PAYE and Corporation Tax it can be difficult to know where to go for help and advice or what actions are available.

In some cases a pre-pack administration can be the ideal route back to profitability through business restructuring.  In the first instance you liquidate your company effectively selling off the business to satisfy the demands of your creditors.  However, you are permitted to purchase certain assets as a third party, which can in turn be used to relaunch a new enterprise.

McTear Williams & Wood is uniquely placed to advise you on successfully implementing a pre-pack administration having helped many companies over our lifespan navigate the process with a minimum amount of difficulties and delays on the way to a favourable conclusion.

How it works
  • Dedicated insolvency practitioners  - allowing us to give you the full benefit of our experience working with businesses like your – helping you avoid all the potential pitfalls and difficulties in the process.
  • Confidential expert advice  - any advice we provide you is completely private in line with the highest professional standards set by our industry. Additionally we are able to meet you outside of your busy business days.
  • Free consultation session  - our first consultation session is always free of charge and this often gives you access to our best advice and our ideas for your business’s next step.
  • Effective turnaround support  - if you are unsure as to whether your business might be salvageable, McTear Williams & Wood is able to provide you with all the services to turn your business around.

Find out more about this insolvency measure and book a meeting to discuss a pre-pack administration for your Kettering company.

Talk to one of our senior advisors and get the best advice, helping you understand all the options for the future of your business.  

How else can we help?  Other services we offer in your area: